Capital One Selects AWS as its Predominant Cloud Infrastructure
Provider

Capital One continues to take a cloud-first approach by migrating
core business and customer applications to AWS over the next five years

November 29, 2016 04:26 PM Eastern Standard Time

SEATTLE--(BUSINESS WIRE)--Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ: AMZN),
today announced that Capital One Financial Corp. (NYSE: COF) has
selected AWS as its predominant cloud infrastructure provider. Capital
One is one of the country’s leading financial institutions and recently
ranked #1 on the InformationWeek Elite 100 list of the country’s
most innovative users of business technology. Over the next five years,
Capital One will continue to migrate many core business and customer
applications to AWS as part of its commitment to delivering great
digital experiences to its tens of millions of customers.

“Technology is going to play a central role in the future of banking as
we move toward an experience that is real-time, digital-first, and that
anticipates customer needs. The AWS Cloud enables fast, efficient
development and deployment of software and allows our teams to focus on
what we do best – building great software and delivering innovative
experiences to our customers,” said Rob Alexander, CIO, Capital One.
“We’re taking a cloud-first approach to development with AWS as our
predominant cloud infrastructure provider.”

“Cloud has become the new normal even for the most highly regulated,
data-sensitive organizations like those in the financial services
industry. Such organizations are making the cloud a core part of their
central IT operations and digital transformation efforts to take
advantage of the security, reliability, and broad functionality of the
AWS Cloud,” said Mike Clayville, Vice President, Worldwide Sales at AWS.
“As a leading financial services institution, Capital One is embracing
cutting-edge technology, like the AWS Cloud, to innovate in an industry
that has great potential to benefit from technology transformation.”

About Amazon Web Services

For 10 years, Amazon Web Services has been the world’s most
comprehensive and broadly adopted cloud platform. AWS offers over 70
fully featured services for compute, storage, databases, analytics,
mobile, Internet of Things (IoT) and enterprise applications from 38
Availability Zones (AZs) across 14 geographic regions in the U.S.,
Australia, Brazil, China, Germany, Ireland, Japan, Korea, Singapore, and
India. AWS services are trusted by more than a million active customers
around the world -- including the fastest growing startups, largest
enterprises, and leading government agencies -- to power their
infrastructure, make them more agile, and lower costs. To learn more
about AWS, visit http://aws.amazon.com.

About Amazon

Amazon is guided by four principles: customer obsession rather than
competitor focus, passion for invention, commitment to operational
excellence, and long-term thinking. Customer reviews, 1-Click shopping,
personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle
Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa
are some of the products and services pioneered by Amazon. For more
information, visit www.amazon.com/about.

About Capital One

Capital One Financial Corporation (www.capitalone.com)
is a financial holding company whose subsidiaries, which include Capital
One, N.A., and Capital One Bank (USA), N.A., had $226.0 billion in
deposits and $345.1 billion in total assets as of September 30, 2016.
Headquartered in McLean, Virginia, Capital One offers a broad spectrum
of financial products and services to consumers, small businesses and
commercial clients through a variety of channels. A Fortune 500 company,
Capital One trades on the New York Stock Exchange under the symbol "COF"
and is included in the S&P 100 index.